Money in Motion

Euro Soars, Dollar Sags, Risk Appetite Grows


QE3 dings the dollar and the euro gets a lift — it's time for your FX Fix.

Euphoria in the wake of the QE3 announcement sent risk-sensitive currencies higher, and the dollar slipped. [CNBC]

The euro hit a four-month high, topping 1.3100, after the Federal Reserve announced new quantitative easing. [FT]

Japan's finance minister strongly hinted that intervention to fix the strong yen may be near. [WSJ]

China's yuan rose to a four-month high against the dollar following the Fed's QE3 announcement. [WSJ]

The European Central Bank and the International Monetary Fund have denied a report that they were in talks with about a bailout. [CNBC]

Inflation in India accelerated more than expected, leaving the central bank little room to cut interest rates.



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